Finance Minister Announces Reappointment of Chair to Canada Deposit Insurance Corporation
December 20, 2017 – Ottawa, Ontario – Department of Finance Canada
The Government of Canada has put in place a more rigorous approach to Governor in Council appointments in which open, transparent and merit-based selection processes result in highly qualified candidates that serve the interests of Canadians.
In keeping with this commitment, Finance Minister Bill Morneau today announced the reappointment of Robert O. Sanderson as Chairperson of the Canada Deposit Insurance Corporation (CDIC).
Robert Sanderson, in addition to his role as Chairperson of CDIC, is the Managing Director of Ithaca House. He has over 40 years of experience in the financial sector and is a member of numerous industry groups including the Chartered Professional Accountants of Canada, the Insolvency Institute of Canada, the American Bankruptcy Institute and the International Association of Insurance Receivers. Most recently Mr. Sanderson has served as a member of CDIC's Advisory Panel on Resolution. Mr. Sanderson's reappointment is for a term of two years. He was first appointed Chairperson of CDIC on June 1, 2016.
- CDIC is a federal Crown corporation. It collaborates with other federal agencies to help ensure that Canada's financial system stays healthy.
- CDIC insures Canadians' savings against the failure of a bank or other CDIC member institution.
"Robert Sanderson has provided strong leadership to CDIC. I am certain that he will continue to be successful in his role following his reappointment, and I offer him my congratulations."
- Bill Morneau, Minister of Finance
Media may contact:
Office of the Minister of Finance
Department of Finance Canada